Welcome to my first attempt at a blog. My plan is to focus on current insurance topics that are relevant to our area of the country. I understand that you have many, many sources of information coming at you 24-7 and I will try to make sure that I don't just bombard you.
I would like to briefly mention flood insurance today. Even though, as we heard on Tuesday, we still have 6 more weeks of winter, flood insurance works differently than other types of insurance, and warrants a little PRE-need thought. With flood insurance, there is typically a 30 day waiting period before insurance can be put into effect. So even if you contact me today, it will be 30 days before the policy can be in force.
My point in all of this is that it appears that our recent trend for higher than normal precipitation will continue. It appears that this could be another year with a high potential for flooding. Please also remember that no matter WHERE you are, you are in a FLOOD ZONE. You may have very low potential for flooding, but you still are classified as being in a zone. Low potential means low cost for flood insurance. Some of these policies are literally in the $100 to $200 range for a year to cover your home and contents.
If you have any questions about flood insurance, take an minute and ask. I'll be happy to discuss flood questions, or any other questions that you might have.
So far we have been pretty lucky with our rain and snow melt having been spread out enough to allow for a fairly steady river flow on the Mississippi. And that's a good thing, considering that there have been 2 months where we have started the month without being able to even write flood insurance due to the fact that the Congress hasn't gotten us a permanent flood insurance funding plan. As of today, April 15th, 2010, TAX DAY, I cannot write a new flood policy. No funding. Too busy with health care and cap and tax I suppose.
ReplyDeleteWell, now the flood program is back ON! Another temporary fix that will expire May 31st unless further action is taken. We may be out of the woods, but remember back in 1993, the rain came in late May, June, and July. I remember the last levee broke in our area around July 23rd that year because we were celebrating my daughter's birthday the day it broke.
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